At a press conference Thursday in which Manhattan U.S. Attorney Preet Bharara unveiled details of an insider trading case against sports gambler William “Billy” Walters, a reporter wanted to know why exactly the most famous person connected to case had been left out of the prosecution. “Doesn’t it undermine confidence in the markets,” the reporter asked, “to not charge the celebrity defendant and not explain why you are not charging the celebrity?”
via Why Wasn’t Phil Mickelson Charged With Insider Trading? – Bloomberg
